2025-12-08 19:20:41

The pullback in Bitcoin this time is quite severe, and the short-term charts are a complete mess. The 89k level was hit pretty accurately, which was exactly my previously predicted pullback target. Yesterday, a lot of bottom-fishing funds were buying in at this level. Next, we need to closely watch whether the key support levels below can hold.

Fortunately, I closed my long positions in advance, otherwise I would have been stopped out at breakeven during this drop. This kind of shakeout actually gives those who want to get in later a good opportunity. Let’s keep watching.

BTC-3.01%

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GasWaster

· 12-11 19:13

89k is really stuck tight, that's what I think too, it seems like it needs to break below further.

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WalletWhisperer

· 12-11 15:40

89k is indeed a critical point, but I feel this round of shakeout hasn't completely ended yet. If we can't hold the support levels below, it's really going to get interesting.

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CryptoSourGrape

· 12-08 19:49

Damn, if I'd known earlier, I wouldn't have gone long. Now watching this rebound to 89k, I'm kicking myself with regret.

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NotAFinancialAdvice

· 12-08 19:48

This 89k support is indeed holding up quite well, but there are probably more dips below... Looking at the chart diving like this, it feels like the shakeout isn't over yet.

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SchrodingersPaper

· 12-08 19:47

The 89k level is really something, it was supposed to be the breakeven point but it still broke... If I'd known, I wouldn't have closed my position.

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GateUser-9ad11037

· 12-08 19:44

89k is really stuck, feels like institutions are playing some tricks here.

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TokenomicsTherapist

· 12-08 19:39

89k is indeed a tough level. I also closed my long positions here, otherwise I would have been wiped out again.